Edelweiss: Commodity Trading: Brokerage, Charges, Reviews: 2024
Commodities trading includes trading hard assets like Gold, Silver, Aluminium, Crude oil, etc. Commodities trading is different from Equity trading. In commodities, you have to only trade in derivatives (Futures & Options). Let’s look at the details of commodity trading in Edelweiss.
Edelweiss:
Edelweiss Broking Limited is a subsidiarity of the Edelweiss group. It is a broking branch that was founded on February 2008. Edelweiss Broking Limited is a Full-Service broker that provides many services to its clients. You can trade and invest in, Equity, Commodity, Currency, Debt, IPO, Mutual Fund, etc with Edelweiss Broking.
Commodities Trading:
Edelweiss lets you trade in commodities after you open a Demat account with them. To start trading in derivatives you need to submit some basic documents. These include Identity proof, Address proof, and Income proof. After submitting the following documents you will be eligible to trade in commodities and other derivatives.
Charges:
To start with the basics, the account opening charges are Free with Edelweiss. You just have to pay an Annual Demat Maintenance Fee (AMC) of Rs 300 for the “Lite Plan” and Rs 500 for the “Elite Plan” from the second year. Now that you know the charges to open an account, let’s see the brokerage charges which is a substantial part when it comes to trading.
Brokerage:
Edelweiss currently offers 2 plans for its clients to chose from. The first is the “Lite Plan” which offers the brokerage rates of a discount broker. The second is “Elite Plan”. This plan consists of all the benefits of a Full-Service broker.
- The brokerage for commodities in the Lite Plan is Rs 10 per executed order for commodities Futures and Options.
- On the other hand, the brokerage in the “Elite Plan” for trading in commodities is Rs 0.030% in Commodities Futures and Rs 20 per lot in Commodities Futures.
Conclusion:
Comparing the brokerage of the two plans, it can be said, if you want to trade in Commodities the “Lite Plan” would be more suitable. Traders will have to pay a lot more if they trade with the Elite Plan.